Steel acquisition in Europe

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India’s Jindal closes in on Thyssenkrupp Steel as EP Group checks out
MINT· 2025-10-02 15:13
Mumbai: German steelmaker Thyssenkrupp has called off its joint venture plan with Czech billionaire Daniel Kretinsky’s EP Group, as it considers rival suitor Naveen Jindal’s acquisition offer. Both EP Group and Thyssenkrupp AG “mutually agreed" to end the discussions on the possible equal joint venture for Thyssenkrupp Steel Europe, according to a joint statement. “EPG respects Thyssenkrupp AG's preference to concentrate on discussions with Jindal Steel International about its submitted indicative bid for ...